XRP is hovering near the $1.00 mark after falling roughly 9% over the past week and more than 52% in the last year.
Despite the ongoing decline, UK based technical analyst ChartNerd believes the deeper XRP falls, the more attractive the risk reward opportunity becomes. He points to a potential demand zone between $0.90 and $0.70 if the $1.00 level fails to hold.
What the Technical Charts Suggest
ChartNerd has monitored this setup since at least June 12, when he shared a broader market outlook for XRP. According to his analysis, XRP spent most of 2023 and much of 2024 trading below a major resistance zone around $0.70 to $0.80.
That resistance held until a breakout in the fourth quarter of 2024, which helped fuel XRP’s rally to an all time high of $3.65 in July 2025. Since then, however, momentum has shifted.
The asset has lost key moving average support, while a weekly 20 and 50 EMA death cross has confirmed a bearish structural change. XRP has now dropped sharply from its January 2026 high of $2.40 to current levels near $1.00.
Back in February, XRP fell to a low of $1.12 before attempting a recovery. The rebound pushed the asset toward $1.55, but buyers failed to break higher and price was rejected at that level.
According to ChartNerd, that rejection triggered the latest downward move, bringing XRP back toward his identified area of interest near $1.00. He sees this zone as a potential cycle bottom between now and the fourth quarter of 2026.
The analyst believes this region is important because former resistance from 2023 and 2024 could now become support. If XRP stabilizes within the $0.90 to $0.70 range during further downside, the previous ceiling may effectively turn into a floor.
He emphasized that this remains a highly important support area, but confirmation is still necessary before any bullish reversal can be validated.
ChartNerd also noted that XRP is entering the 10 year Gaussian Channel, a long term indicator he says has consistently acted as a reliable support boundary.
On market timing, the analyst sees a strong possibility of a short term bounce in the coming weeks as June ends, aligning with historical Bitcoin price behavior during midterm years.
Still, he cautioned that any rebound may only be a temporary relief rally before another decline in the final quarter of the year.
On Chain Data Points to Key Support Levels
Meanwhile, analyst Ali Martinez highlighted that XRP is testing a major volume cluster near $1.06, where on chain data shows more than 830 million XRP previously changed hands.
Below that level, important support zones based on UTXO Realized Price Distribution sit around $0.80, $0.62, and $0.51.
Another analyst, CasiTrades, described XRP as being at one of the most critical stages of its current cycle.
She noted active buy orders near $0.93, along with a deeper Fibonacci support level at $0.87. According to her, the current market fear may be part of a bottom formation process rather than a signal to exit positions.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
